Howard Leaman Oct 22/18
Canola traded on both sides of unchanged on Monday, holding close to
last Friday's closing levels for much of the day. The market turned lower,
however, and ended lower in response to increased farmer selling of canola
as the harvest in western Canada progresses. Soft demand added to the
The selling pressure in canola was curbed by continued uncertainty
surrounding the size and quality of this year's Canadian canola crop. The
wet and cold weather this fall have almost certainly taken a toll on
output. Outside markets provided little direction for canola on Monday as
the oilseeds and the Canadian dollar held close to unchanged.
Jan Canola 504.00 496.50
Mch Canola 511.00 503.60
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